Priscilla Presley got $900K a year from Elvis Enterprises without company stake: lawsuit - Page Six

Priscilla Presley was making $900,000 a twelvemonth from Elvis Presley Enterprises contempt having nary involvement successful the company, according to a lawsuit.

When Priscilla’s daughter, Lisa Marie Presley, sued her erstwhile concern manager, Barry Siegel, successful 2018 for “negligently” mishandling her money, she noted successful the suit that Siegel had “allowed (and, successful fact, lobbied)” her mother’s astir seven-figure income.

Lisa’s lawyers added Priscilla was being paid “even though Lisa’s parent has nary ownership successful EPE (nor was she performing immoderate benignant of executive-level enactment to warrant the salary).”

Priscilla Presley was allegedly making $900,000 a twelvemonth from Elvis Presley Enterprises contempt having nary transportation to it.priscillapresley/Instagram

“Siegel failed to disclose these facts to Lisa and helium did not negociate the aforesaid wage payment for Lisa,” the complaint, obtained by Page Six, stated.

Siegel disputed Lisa’s claims successful the suit against him, and it dragged connected for different 2 years earlier being settled retired of court.

However, the scathing papers could yet enactment successful Priscilla’s favor.

At its conclusion, it lists her arsenic “co-trustee” of Lisa Marie’s money portion the “Lights Out” singer’s kids — Riley and Benjamin Keough — were listed arsenic “adult children of the beneficiary,” who would payment upon her death.

Priscilla has been backmost successful the quality this week aft she filed successful tribunal to invalidate a 2016 amendment to Lisa Marie’s spot which struck her and Siegel’s names arsenic Co-Trustees, claiming it was fraudulent owed to a suspicious signature and a misspelling of her name.

It is unclear wherefore Priscilla would request to administer immoderate of the worth of Lisa Marie’s property erstwhile girl Riley is 33 and capable to marque fiscal decisions herself. Ben died from termination successful 2020.

Priscilla is contesting her precocious daughter’s will, claiming a 2016 amendment was fraudulent.Getty Images

A root adjacent to Lisa Marie, who died astatine property 54 connected Jan. 12, antecedently claimed to Page Six that Priscilla warring the spot was thing much than a “money grab,” portion Priscilla maintained she is simply trying to protect her family.

A rep for Priscilla didn’t instantly instrumentality Page Six’s petition for comment.

Lisa’s 14-year-old duplicate daughters Finley and Harper are besides thought to present beryllium beneficiaries of the estate, which inactive owns Graceland, Elvis’ location successful Memphis.

“Today would person been Lisa’s 55th birthday. My privation is to support my 3 grandchildren and support our household together,” the ex-wife of the precocious King of Rock and Roll said successful a connection to america Wednesday.

“From the archetypal infinitesimal I held Lisa successful my arms, I’ve protected, loved and guided her. … Our hearts are broken, and I americium having to larn to unrecorded without my lone daughter.”